5 reasons we don't want a trade war with China

A trade war could mean widespread ill effects

Just a quick version of where things stand as of this writing: President Trump has targeted $50 billion worth of Chinese imports with 10% tariffs. China is threatening retaliatory tariffs of their own on goods we export to that country. If China does indeed retaliate, the president has now threatened tariffs on $200 billion in Chinese imports -- four times the initial target.

Whether this turns into a full-blown trade war or not is anyone’s guess at this point. However, there are some clear disadvantages to a trade war that Americans should be aware of.